Deep Konka net profit drops nearly 40% in the first half

Shenzhen Konka (000016) August 31 reported the semi-annual report, although sales revenue in the first half of the year increased by 50%, but because of the price war and market development costs, deep Konka 1-June net profit was down nearly 40% compared with the same period. Semi-annual reports show that the company's first half of the total sales revenue of 7.94 billion yuan, an increase of 53.52%, achieve net profit of 5,088.750,000 yuan, down 36.63%; The net profit of the shareholders of the listed company after deducting the non-recurrent profit and loss is 35.6251 million yuan, down 52.5% from the same period last year.　　Earnings per share of 0.0423 yuan.　　During the reporting period, the company's LCD flat-panel TV sales and sales were significantly higher than the same period last year, the color TV business income of 6.045 billion yuan in the first half, up 62.02% year-on-year. However, the price war makes the poor performance of Shenzhen Konka. Shen Konka said, in order to compete for the market share of flat-screen TV, domestic and foreign color TV brands mostly take measures such as price reduction, flat-screen TV competition is unusually fierce, especially in the two quarter, foreign color TV brand in the terminal to take an unprecedented price reduction measures, Chinese-made brands were forced to follow Led to the company's first half flat-screen TV gross profit margin than the same period of 2009 a significant decline.